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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 67th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 67th Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dr. Ambedkar 67th Lane

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Dr. Ambedkar 67th Lane guideline value

The current guideline value of Dr. Ambedkar 67th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dr. Ambedkar 67th Lane has changed

Over the years, the guideline value for Dr. Ambedkar 67th Lane has seen several revisions. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase from Rs 3,000 per sq.ft in 2023. Notably, there was no change in the guideline value from 2012 to 2023. The 2012 revision maintained the value at Rs 3,000 per sq.ft, which was a significant increase from Rs 1,500 per sq.ft in 2007, marking a 100% rise. The overall increase from 2007 to 2024 is 120%.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street. Thus, the revisions we have are limited to 2007, 2012, 2023, and 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Dr. Ambedkar 67th Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 67th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar 67th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 67th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Velachery

The guideline value is a crucial factor in property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 67th Lane?

The current guideline value of Dr. Ambedkar 67th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 120% over this period.

What are the other streets with the same guideline value in Velachery?

Several other streets in Velachery also have a guideline value of Rs 3,300 per sq.ft in 2024, including Dr. Ambedkar 66th Lane, Dr. Ambedkar 68th Lane, Dr. Ambedkar 65th Lane, Dr. Ambedkar 69th Lane, Dr. Ambedkar 64th Lane, and Dr. Ambedkar 70th Lane.

What is the registration fee for property in Dr. Ambedkar 67th Lane?

The registration fee for property is typically 2% of the guideline value. For example, on a property valued at Rs 33,00,000, the registration fee would be Rs 66,000.

Which office handles property registrations for Dr. Ambedkar 67th Lane?

The Velacheri Sub Registrar Office handles property registrations for Dr. Ambedkar 67th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.